Vietnamese cephalopod exporters have confirmed that cephalopod demand from foreign markets has increased sharply since the early 2011 but raw material for processing is lacking severely. In the first three quarter of 2011 Vietnam squid and octopus export value was up 31.8 percent compared to the same period of 2010. Cephalopod export value to main markets is all higher: South Korea up nearly 54 percent, EU 31 percent, Japan 16.4 percent, ASEAN 38.7 percent, Taiwan nearly 15 percent.
South Korea market shows good result by being the top importer of Vietnam squid and octopus, accounting for one third of the total cephalopod export value of Vietnam with the continuously high and stable growth. So far, Vietnam has been the biggest frozen squid supplier for South Korea, followed by Chile, Peru, China while Vietnam has been the second octopus exporter, representing over 40 percent of market share in South Korea.
In the period of Jan – Sep 2011, Vietnam cephalopod exports to Russia sharply increased. In April 2011, cephalopod exports to Russia were up more than 750 percent in volume and over 1,000 percent in value from those of the same period last year.
